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TextThe San Francisco branch of the Occupy movement charged into a Bank of America today and set up camp before dozens of protesters were arrested. Demonstrators had arrived by the busload to march through the Californian city before storming a downtown branch, chanting slogans and attempting to set up tents in the lobby. Police officers in full riot gear handcuffed activists as hundreds more demonstrators surrounded the building, blocking entrances and exits. Around 100 people marched into the bank shouting 'money for schools and education, not for banks and corporations'. Deputy Police Chief Kevin Cashman said 80 arrests were made for trespassing. The protest was partly organised by ReFund California, a coalition of student groups and university employee unions
The second-largest US bank by assets said it will sell 10.4bn CCB shares, most of its remaining stake, for almost $6.6bn (£4.1bn) in cash.
The move comes as BofA faces pressure to boost its capital to comply with new global regulations.